Currently, freight has decreased, but inflation continues to rise, reducing import demand. Consequently, Vietnam's tuna exports to major markets in September have slowed down. The US continues to be the largest tuna importer with sales in September reaching over US$31 million, up 33% over the same period in 2021, 14% lower than August.
Exports to the CPTPP market in September continued to increase by 95% over the same period, reaching nearly 11 million USD, but 32% lower than the previous month. Exports to Israel, and Saudi Arabia are also slowing down, 24% and 577% higher in comparison to the same period 2021 but 35% and 44% lower than in August.
Meanwhile, exports to the EU in September reached nearly 18 million USD, up 64% over the same period. This number is 27% higher than the previous August. This year, due to high sea freight costs, EU canners are reluctant to ship their goods through the port of Rotterdam in the Netherlands, which will add to the cost of their CFR bills. Therefore, Vietnam's tuna exports to EU markets such as Belgium and Germany tend to increase sharply. In September, tuna exports to Belgium increased by 199%, while Germany increased by 48% over the same period last year.
Vietnam's tuna exports are expected to reach 1 billion USD in 2022
As of the end of September, Vietnam's exports of tuna products continued to increase over the same period, except for fresh, frozen and dried tuna HS code 03 (excluding frozen tuna meat/loin). Although the growth rate has slowed down compared to previous months, Vietnam's exports of frozen tuna meat/loin HScode 0304 are still high. In the first 9 months of 2022, the export value of this product group increased by 99% over the same period. Exports of canned tuna increased by 6% and other processed tuna by 18%.
Among tuna exporting enterprises, Dragon Waves, Bidifisco and Havuco are the three largest tuna exporters, accounting for 25% of the total tuna export turnover in the first 9 months of 2022.
With the positive results in the past 9 months, Vietnam's tuna exports will soon reach a peak of 1 billion USD.
|
Top 10 largest Vietnam tuna exporter, Jan- Sep 2022 |
|
|
Enterprises |
Proportion (%) |
|
Dragon Waves |
9 |
|
Bidifisco |
9 |
|
Havuco |
7 |
|
Tithico |
6 |
|
Highland Dragon |
6 |
|
Yueh Chyang Co |
6 |
|
Tuna Vietnam |
6 |
|
Mariso Vietnam |
5 |
|
An Hai Fishery Co., Ltd |
5 |
|
Pattaya Vietnam |
4 |
Compiled by Thuy Linh
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